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ThinkingAntsOk
Oct 13, 2020 11:57 AM

EUR/CAD Waiting for the Breakout Short

Euro Fx/Canadian DollarFXCM

Description

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🔸4H CHART EXPLANATION:
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🔸Price broke the Major structure after bouncing at the Support Zone, and then did a corrective structure.
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🔸As we can see, it did not break the structure to the upside, so, our bullish view was cancelled.
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🔸Now, we are waiting for a breakout of the Support Zone before considering a bearish position on this pair.
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🔸 Will look for a lower timeframe bearish setup
Comments
jimyb3
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Still at support zone...
ProjectSyndicate
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great overview and mark-up of key s/r zones and levels on your chart.
I'm also looking for a breakout trade in this market. Thank you for sharing!
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